Indraprastha Gas share price: Buy Indraprastha Gas, target price Rs 635: Emkay Global

Emkay Global has buy call on with a target price of Rs 635. The current market price of Indraprastha Gas is Rs 515.25.

Time period given by analyst is one year when Indraprastha Gas Ltd. price can reach defined target.

Indraprastha Gas Ltd., incorporated in the year 1998, is a Large Cap company (having a market cap of Rs 36162.04 Crore) operating in Gas & Petroleum sector.



Indraprastha Gas Ltd. key Products/Revenue Segments include Gas Natural and Other Operating Revenue for the year ending 31-Mar-2020.


Financials
For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 1410.32 Crore, down -18.87 % from last quarter Total Income of Rs 1738.30 Crore and up 110.75 % from last year same quarter Total Income of Rs 669.20 Crore. Company reported net profit after tax of Rs 244.29 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 45 per cent stake in the company as of June 30, 2021, while FIIs held 23.9 per cent, DIIs 14.8 per cent and public and others 16.3 per cent.

(Disclaimer: Views and recommendations given in this section are the analysts’ own and do not represent those of ETMarkets.com. Please consult your financial adviser before taking any position in the stock/s mentioned.

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